Cryptocurrency Q&A How does a digital currency exchange work?

How does a digital currency exchange work?

SumoPowerful SumoPowerful Wed Oct 30 2024 | 7 answers 1599
I'm curious about the functioning of a digital currency exchange. How does it operate in terms of buying, selling, and trading cryptocurrencies? What are the key processes involved? How does a digital currency exchange work?

7 answers

Ilaria Ilaria Fri Nov 01 2024
Decentralized Bitcoin exchanges function in a unique manner.

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CosmicDreamWhisper CosmicDreamWhisper Fri Nov 01 2024
They operate independently of any central authority.

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Valentino Valentino Fri Nov 01 2024
The primary role of these exchanges is to serve as a platform.

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Leonardo Leonardo Thu Oct 31 2024
This platform connects buyers and sellers directly.

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charlotte_anderson_explorer charlotte_anderson_explorer Thu Oct 31 2024
Transactions on these exchanges are peer-to-peer.

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